Banks on track for 12% credit growth target
The State Bank of Viet Nam announced recently that banking credit grew by 10.22 per cent in the first 11 months.
Private investors fund city infrastructure
To raise funds for infrastructure works, HCM City has called for private investments in BT (build-transfer) projects.
Fresh funds breathe life into housing market
Though the extent of the housing market recovery is not very clear, a lot of money has started flowing into the sector, clearly accelerating the revival.
City firms diversify import sources
Based companies have diversified their sources of import of materials and equipment for production lines to become less dependent on certain markets, a meeting to review HCM City's socio-economic performance this year by the People's Committee heard on Thursday.
Preference for dollar loans boosts credit growth
Companies prefer borrowing in foreign currency than the dong, with banks' foreign currency credit growth topping 20 per cent as of October.
Shrimp exports hit $3.25b with more growth expected
The Vietnamese equivalent of the English phrase ‘selling like hot cakes' is ‘selling like fresh shrimp' (Dat nhu tom tuoi). It is also an apt description of Vietnamese shrimp exports in the first 10 months of this year.
Sudden spike in lending by banks
According to the State Bank of Viet Nam, banks' credit grew by 2.93 per cent between August 21 and September 30, meaning around VND61.66 trillion (US$2.90 billion) was pumped into the economy.
South Korea becomes top VN investor
With investments of US$3.6 billion in the first 10 months of the year, South Korea has become the top foreign investor in Viet Nam this year.
Long road ahead for Long Thanh Airport funding
French company ADPi, a fully-owned subsidiary of the Aeroports de Paris Group (ADP), has said it did not promise to invest US$2 billion in building a new international airport in Dong Nai Province as claimed by a local official last week.
Lawmakers worried about new airport cost
National Assembly members have voiced concern over the large investment required for building a new international airport in Dong Nai Province near HCM City.
State Bank housing plan may revive market
The State Bank of Viet Nam's stated intention of instituting a new home loan programme has sparked a public debate in recent days.

Highlight

Russia economic gloom hurts tourism Russia economic gloom hurts tourism

The number of Russian tourists arriving in Viet Nam is expected to decline at the beginning of 2015, due to the devaluation of the ruble in Russia.

PM calls for police to remain vigilant 1    PM calls for police to remain vigilant

Prime Minister Nguyen Tan Dung yesterday urged police nationwide to step up vigilance next year against the nefarious designs of hostile and criminal forces.

New detox policy sees theft decline 1    New detox policy sees theft decline

HCM City has seen a slight decrease in the number of thefts, robberies and drug sales two weeks after deciding to send drug addicts without a stable residence to two local centres, according to local police.

New sitcom draws teen viewers New sitcom draws teen viewers

5S Online, a popular new sitcom aimed at teenagers, demonstrates that the sitcom genre is catching on in Viet Nam.

Viet Nam faces forestry restructuring hurdles Viet Nam faces forestry restructuring hurdles

Viet Nam needs to tackle several major challenges in order to restructure its forestry sector, said Nguyen Xuan Quat, a professor at the Research Institute for Sustainable Forest Management and Forest Certification.